FCA to Invest $1 Billion in Michigan Plant, Add 2,500 New Jobs

Fiat Chrysler Automobiles (FCA) recently announced that it will invest more than $1 billion to modernize its truck assembly plant in Warren, Michigan, for production of the next-generation Ram Heavy Duty truck, which will relocate in 2020 from its current location in Saltillo, Mexico.

To support the increased volume at the Warren facility, 2,500 new jobs will be created, above and beyond the jobs announced as part of the January 2017 announcement, which committed to spending a portion of $1 billion in Warren Truck Assembly to expand the Jeep product line. The Saltillo Truck Assembly Plant will be repurposed to produce future commercial vehicles for global distribution.

FCA also announced that it will make a special bonus payment of $2,000 to approximately 60,000 hourly and salaried employees in the United States, excluding senior leadership. The payment, which recognizes employees for their continued commitment to the company's success, will be made in the second quarter of this year and will be in addition to any profit sharing and salaried performance bonuses that employees would otherwise be eligible to receive in 2018.

"These announcements reflect our ongoing commitment to our U.S. manufacturing footprint and the dedicated employees who have contributed to FCA's success," said Sergio Marchionne, FCA's chief executive officer. "It is only proper that our employees share in the savings generated by tax reform and that we openly acknowledge the resulting improvement in the U.S. business environment by investing in our industrial footprint accordingly."